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Cobot market to see growth at 20% by 2023

A report by Interact Analysis shows that the collaborative robot market penetration is going to surpass 20 per cent by 2032, while the market in EMEA will have recovered by 2H 2023, the US collaborative robot market will take a while longer. Universal Robots retains the lion’s share of the global cobot market.Read more

Plexconnect 2023 foresees 380 international buyers from over 63 countries

The international plastic event, Plexconnect 2023 is happening from June 15 to 17, 2023 at Bombay Exhibition Centre (NESCO), Mumbai. The event organised by Plastics Exports Promotion Council of India (Plexconcil) anticipates buyers from countries such as 63 countries Kyrgystan, Uzbekistan, Korea, Brazil, Israel, and Indonesia.Read more

Schaeffler elevates Vijay Chaudhury as Director of Communications & Marketing for Asia Pacific region

German manufacturer of rolling element bearings, Schaeffler has appointed Vijay Chaudhury as Director of Communications & Marketing – Asia Pacific. Chaudhury was previously serving Head of Communications and Marketing for India, and Head of Press and Media Relations – Asia Pacific positions in the company.Read more

Hannover Messe, a leading platform for hydrogen and fuel cells

At the upcoming trade fair, Hannover Messe, running from 17 to 21 April, around 500 companies will be presenting their solutions for hydrogen production, transport, storage and consumption. By 2030, the EU Commission wants to install electrolyzers with a capacity of at least 40 gigawatts to produce 10 million tons of green hydrogen in a phased-in process.Read more

Decision-makers under pressure to enhance automation in EV manufacturing, Zebra study

Zebra Technologies Corporation conducted a survey named Automotive Ecosystem Vision Study which reveals preferences of customers, fleet managers and manufacturers, for upcoming automation of Electric Vehicles, in the industry. Hybrid EVs, sustainable choices, eco-friendliness are key priorities in their vehicle purchase and lease decisions.Read more

IMTEX 2023 inaugurated at Bengaluru on January 19

MD, Volvo India Group and Chairman, SKF inaugurated 20th edition of IMTEX 2023 on January 19. With concurrent shows Tooltech 2023 and Digital Manufacturing 2023, Germany, Korea, Spain, Taiwan, and USA will have country pavilions at BIECRead more

Machine tools industry's mega show IMTEX 2023 kick starts today

With more than 960 exhibitions from 23 countries, IMTEX 2023 is all set to commence from January 19 in Bengaluru. Alongside, IMTMA organises Tooltech 2023 and Digital Manufacturing 2023 at the venueRead more

Intelligent actuators provide flow control at Korean chemical plant

Over a 100 multi-turn and part-turn intelligent electric actuators have been installed at a new petrochemical site in Daesan, South Korea. The IQ actuators - supplied by Rotork - will provide flow control at the plant which produces ethylene, polyethylene and propylene.Read more

Hilco Global buys ThyssenKrupp Steel’s plant in Germany

Amsterdam-based Hilco Industrial Acquisitions, BV, an operating company of US-based Hilco Global, has acquired all assets at ThyssenKrupp Heavy Plate Rolling Mill facility located in Duisburg-Hüttenheim, Germany. The assets are now up for sale on Hilcobid.com.Read more

Omega Seiki Mobility forms JV with Korea’s Jae Sung Tech for EV powertrains

The all-electric Ra314 powertrain will be manufactured by Omega Seiki Mobility at its facility in Faridabad and in Pune at its group company, Omega Bright Steel and Components’ facilityRead more

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